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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Primary Health Properties Plc | PHP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.25 | -0.27% | 93.80 | 16:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 95.05 | 93.60 | 95.45 | 93.80 | 94.05 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Top Posts |
|---|
Posted at 24/7/2024 10:07 by mirandaj Edison Interview:"In this interview Mark Davies, CEO of Primary Health Properties (PHP), talks about PHP’s results for the six months ending 30 June 2024, as well as the company’s strategy for continuing fully covered dividend growth. PHP is a specialist UK real estate investment trust, with a secondary listing on the Johannesburg Stock Exchange. It is a long-term investor in primary healthcare property in the UK and the Republic of Ireland. These are mostly let to general practitioners and the NHS or HSE, organisations backed by the UK and Irish governments, respectively, and represent 89% of rents. The long-term need for primary healthcare facilities is driven by demographic trends and is relatively unaffected by economic conditions. In both the UK and Ireland, populations are growing and ageing, with more complex healthcare needs. The defensive nature of healthcare property, PHP’s tenant profile and long, mostly upwards-only leases provide an exceptionally secure and growing rental income stream to support progressive dividends. PHP is now in its 28th year of unbroken dividend growth." |
Posted at 17/10/2023 09:55 by williamcooper104 Hopefully not too many South African investors remember how owning Intu/Liberty might have helped them with capital controls but at a little cost |
Posted at 07/9/2023 20:25 by mirandaj The Company will not place or issue any new PHP shares in connection with its application for a secondary listing on the JSE and will remain listed on the premium segment of the Official List in London. PSG Capital Proprietary Limited have been appointed as Corporate Advisor and Sponsor.PHP believes that admission to trading of the shares on the JSE will be beneficial to the Company and its stakeholders. The Board of PHP believes that the secondary listing can be expected to contribute to liquidity in the Group's shares through its increased profile in the South African market, where a number of investors have already shown strong interest in investing in PHP, driven by its high-quality, government-backed income stream and robust operating model. Interest and liquidity are key. |
Posted at 26/7/2023 07:23 by skinny For the record :-Primary Health Properties PLC Interim results for the six months ended 30 June 2023 Organic rental growth continuing to drive performance and dividend fully covered at 102% Primary Health Properties PLC ("PHP", the "Group" or the "Company"), a leading investor in modern primary health facilities, announces its interim results for the six months ended 30 June 2023 (the "period"). Harry Hyman , Chief Executive of PHP, commented: "We are encouraged by the improvement in rental growth experienced in the first half of the year and expect to deliver over GBP4 million of extra income during 2023, another record and continuing the trend seen in recent years. We believe PHP will be a beneficiary of both the current inflationary environment and the significant rise in construction costs seen in recent years both through open market and index-linked reviews. Furthermore, with 97% of PHP's debt either fixed or hedged for a weighted average period of just under seven years, a strong control on costs and just one development on site we have limited exposure to further cost increases and development risk. "The security and longevity of our income, near full occupancy together with stronger rental growth are the key drivers of our predictable cash-flows and underpin our progressive dividend policy with 27 years of continued growth." |
Posted at 24/7/2022 09:28 by hedgehog 100 PHP has been a tremendous long-term success for investors, growing to its current market cap. of £1.914 billion (at 143.5p/share), since being founded in 1995 and floating the next year.And PHP founder & CEO Harry Hyman has relatively recently brought another share to market, which may be of interest to fans of his success here:- "Harry Hyman Non-Executive Chairman Harry Hyman is a chartered accountant. He is the founder and CEO of Primary Health Properties PLC (“PHP”) a FTSE250 Listed company that specialises in the ownership of property leased on a long term basis to primary care providers in the UK and Ireland. PHP has a property portfolio of over £2.6bn and a consistent record of growth. ..." 08/11/2021 07:00 UK Regulatory (RNS & others) TMT Acquisition PLC Half-year Report LSE:TMTA Tmt Acquisition Plc "Unaudited Interim Results TMT Acquisition (LSE: TMTA), the investment business established to pursue opportunities in the technology, media and telecom sector, today announces its unaudited interim results for the period from 25 March to 30 September 2021. Harry Hyman, Non-Executive Chairman of TMT Acquisition, said: "We are delighted with outcome of the listing and the support shown from institutional shareholders. In the short time we have been on the market we have already started evaluating a number of investment opportunities and look forward to updating shareholders with developments when appropriate." ... On 11 October, the Company was admitted to listing on the standard segment of the Official List and to trading on the main market for listed securities of the LSE, raising gross proceeds of GBP5 million (net proceeds of GBP4.73 million) from institutional investors. As at 31 October 2021, current assets were approximately GBP4.83 million. ..." |
Posted at 09/2/2022 14:28 by winsome I still don't quite understand why PHP and AGR are tanking while my other holdings such as LXI and BBGI on similar yields are steady. PHP and AGR have lower risk profiles than LXI. PHP has historically grown NAV quite strongly. I see no other real reason than investors following recent downward momentum. I'm a long term holder and I see rates and inflation going back to normal levels later this year. Consumer spending will soon be seriously constrained. |
Posted at 15/12/2021 12:41 by km18 Primary Health Properties is the leading investor in modern healthcare properties in the UK, with a concise objective to derive optimised returns to shareholders through a combination of earnings growth and capital appreciation. This evidence is supported by the EPS growth of 4.1%, higher than the real estate benchmark. The significant growth can be explained by the attractive profit rally recorded in the latest results, where operating profit surged to £129.6m from £68.8m in 2020. Subsequently, Primary Health Properties were able to enhance their net cashflow since it soared to £72.5m from £64m. As a result, it was incorporated into the P/FCF ratio of 16.0, which was higher than the real estate P/FCF ratio of 8.8. Consequently, it implies that Primary Health Properties can fund its operations and investments more effectively than its industry peers, enabling shareholders to yield optimised returns from profit hike.Keep up to date with WealthOracle AM |
Posted at 28/10/2021 06:06 by skinny .Refinancing and first sustainability linked credit facilities Primary Health Properties PLC ("PHP" or the "Group"), one of the UK's leading investors in modern primary healthcare facilities, is pleased to announces that it has refinanced a number of legacy loan facilities with Aviva Investors, with a new GBP200 million facility for a 15-year term at a fixed rate of 2.52% and renewed its existing GBP100 million facility with NatWest. Aviva Investors refinancing The Group has secured a new GBP200 million 15-year debt facility with Aviva Investors at a fixed rate of 2.52%. Sustainability KPIs have been incorporated into the new loan based around PHP's existing built environment targets. These focus on the portfolio's EPC ratings and new developments being built to BREEAM standards. The Group will benefit from a margin reduction on the new GBP200 million facility, conditional on achieving these targets. The proceeds of the loan have been used to repay a number of legacy facilities with Aviva Investors totalling GBP177 million at a blended fixed rate of 5.0% and weighted average term of just under six years. As part of the refinancing a termination cost of GBP24 million has been paid. NatWest refinancing The Group has renewed its existing GBP100 million revolving credit facility for a further three-year term with options to extend by a further year on the first and second anniversaries of the new facility. Sustainability KPIs have also been incorporated into the new facility based around PHP's existing built environment targets and the Group will benefit from a margin reduction, conditional on achieving these targets. In total, these arrangements reduce the Group's current average cost of debt from 3.4% to 2.9%, the marginal cost of debt remains at 1.7%, and results in interest cost savings of approximately GBP5 million p.a., extending the weighted average debt maturity to 7.0 years. The Group continues to have significant headroom, after capital commitments, with cash and undrawn loan facilities of GBP237 million. Richard Howell, Chief Financial Officer of Primary Health Properties, commented: "We are delighted to have continued and extended our long-standing relationships with both Aviva Investors and NatWest by refinancing our existing facilities. "Furthermore, we are proud to have secured our first sustainability linked loan facilities, which will reward the Group via a margin reduction as we implement our Responsible Business plan and ESG initiatives which were published in February this year. "With a robust balance sheet and strong pipeline of opportunities to expand our portfolio both in the UK and Ireland, PHP remains exceptionally well positioned to deliver low-risk sustainable shareholder returns." |
Posted at 27/8/2021 06:50 by skinny .Primary Health Properties PLC ("PHP" or the "Group"), one of the UK's leading investors in modern primary healthcare facilities, announces that it has acquired the Townside Primary Care Centre and adjacent office building in Bury, Lancashire for a total consideration of GBP40 million. The Townside Primary Care Centre is a substantial purpose-built primary care hub which is fully let to NHS Property Services and a pharmacy. The office accommodation is also fully let with 90% of the income secured against Bury Council. The combined WAULT for the two adjacent buildings is 10.8 years with 91% of the contracted rent secured against government backed tenants. This acquisition will increase PHP's portfolio to a total of 515 assets, of which 19 are in Ireland, with a contracted rent roll of over GBP138 million. Harry Hyman, Managing Director of Primary Health Properties, commented: "We are delighted to be making this substantial acquisition of a modern, purpose-built hub facility in Bury. The Primary Care Centre is a key component in the delivery of primary care in the area and serves approximately 22,300 patients, with a total of 17 General Practitioners located at the 3 GP practices located in the facility. The adjacent offices at 3 Knowsley Street are a key local government asset and operates as the main administrative offices for Bury Council. "We have a strong pipeline of opportunities in the UK and Ireland and are well positioned to continue to grow our portfolio and to support the healthcare systems in these markets through the provision of modern, primary care infrastructure." |
Posted at 20/7/2021 06:06 by mirandaj RNS Non-Regulatory20 July 2021 Primary Health Properties PLC Investor Presentation PRIMARY HEALTH PROPERTIES PLC is pleased to announce that CEO Harry Hyman, CFO Richard Howell, and CIO Chris Santer will provide a live presentation relating to the Group's Interim results for the six months ended 30 June 2021 via the Investor Meet Company platform on 29th July 2021 at 4:30pm BST. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet PRIMARY HEALTH PROPERTIES PLC via: Investors who already follow PRIMARY HEALTH PROPERTIES PLC on the Investor Meet Company platform will automatically be invited. -Ends- Further details: Harry Hyman Richard Howell Chief Executive Officer Chief Financial Officer Tel: +44 (0) 20 7451 7050 Tel: +44 (0) 20 7104 5599 David Rydell / Steph Watson / Tilly Abraham (Buchanan Communications) Tel: +44 (0) 20 7466 5000 |
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